Perceptions and Experiences of Career Success among Aspiring and Early Career Accountants

Dragana Radicic^*
*Correspondence: Dragana Radicic, Department of Joint Accounting, University of School of Marketing, Poole, Florida, USA, Email:

Introduction

Given their connection to performance, turnover, and organizational commitment, accounting professionals must have positive perceptions of career success. This study examines the perceptions and experiences of career success among 305 Early-Career Accountants (ECAs), 475 aspiring accounting finance students, and 165 manager’s recruiters in Australia, using career stage theory. There were significant differences between aspiring accountants and ECAs in terms of both objective and subjective measures of career success, highlighting shifting perspectives at various career stages of exploration and establishment. Managers and recruiters discovered ways to expand opportunities for ECA career success, despite the fact that ECAs were generally pleased with their access to career success.

Description

Careers in accounting and finance have changed over the past few decades and will continue to do so in the coming years. Bookkeeping graduates customarily engaged with accounting jobs are moving to a more business warning sort capability and mid-profession bookkeepers are progressively liable for some human asset processes. Changes in the bookkeeping calling have brought about declining quantities of workers keeping up with professions with one association; bookkeepers are currently expected to have more than one profession taking on various jobs over the range of their functioning life. Given its well-documented connection with other work-related outcomes, such as individual performance, job satisfaction, turnover intentions, and organizational commitment, understanding how individuals at early career stages perceive and then experience career success is an important part of improving talent attraction and retention. Career success was identified as a major issue in contemporary research in a recent review of careers scholarship. Accounting, management, and human resource management scholars and practitioners are paying attention to its impact on work performance, and there is a growing push to combine research in these fields with research in other fields [1].

Career success, both objective and subjective, is increasingly being recognized to be best understood as subjective. It is thought that perceptions of career success are important. Indeed, given its inherent dynamism and complexity, recent research suggests that career success access and experiences change over time. Workers with more experience enjoy greater objective and subjective career success than their less experienced counterparts, who may find it difficult to navigate the increasing instability and uncertainty of the modern labour market. This paper investigates accountants' perceptions of career success in Australia at various stages of their careers, building on previous research. We investigate the perceptions and experiences of success of aspiring accountants, whom we classify as being in the exploration stage, and early career accountants, whom we classify as being in the establishment phase, using Super's concept of exploration and establishment as two of the five stages of career development [2].

In addition, our paper acknowledges the significance of comprehending how different work contexts affect perceptions of career success, enabling the accounting profession to tailor pertinent measures to better support new accountants. We recognize that vocations are generally professions in setting, and the effect of expert settings and calling explicit 'scripts' and their impact on separate vocation directions and standards for conduct. Even though career success research dominates the field importance of conducting more empirical research into the dimensions and determinants of both objective and subjective career success for particular groups in the labour market in order to improve our comprehension of career success and advance the field's literature. In a related vein, Dries asserts that it is impossible to fully comprehend career success without taking into account the relevant contextual specificities, such as the standards of the particular profession and individual factors like career stage [3].

To begin, how do early career and aspiring accountants (ECAs) view career success Second, how much do ECAs encounter profession achievement and does this change by individual and work qualities. Thirdly, how well do ECAs support themselves in achieving career success, and how can this support be enhanced? We looked at open and closed response survey data on the perceptions of career success of 475 Accounting/Finance students and 305 ECAs, who represent the exploration and establishment career stages in the profession, respectively, to answer these research questions. We additionally researched ECAs' encounters of profession achievement, and the perspectives of 165 directors spotters about the degree of help for ECAs' and how their vocation achievement could be gotten to the next level. The methodology and results of this paper are followed by a literature review on career success and the role of career stage and organizational context. Before considering the study's contribution, limitations, and potential future research directions, we discuss the implications of these [4,5].

Conclusion

From the perspective of vocation stage hypothesis, bookkeeping understudies are at the early investigation phase of their particular professions as they foster imperative ranges of abilities through conventional schooling and preparing and investigate likely open doors in the bookkeeping calling. They appear to have a strong focus on their personal and professional growth as well as achieving career objectives that are in line with this, as well as their experience and accomplishments. However, ECAs are more experienced than students because they have reached the establishment stage of their careers, where they enjoy greater occupational stability and strive for further advancement. Indeed, for them, which included aspirations for promotion in the organizational hierarchy, career advancement was a significant indicator of career success more so than for students, many of whom may not have officially begun their careers. Based on previous research, their greater emphasis on occupational achievement and recognition rather than making a difference.

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